The Best Stock to Buy With Less Than $60 in the Market Sell-Off
Plenty of stocks with attractive businesses trade on the market for hundreds of dollars per share -- or more. However, it's possible to find excellent stocks that may become undervalued when either the market undergoes a deep correction, including in a bear market, or in company-specific situations where temporary problems seem to hinder the business, muddling its longer-term outlook.One such example is Novo Nordisk (NYSE: NVO), the Denmark-based pharmaceutical leader whose shares are exchanging hands for just $60 each, and as recently as last July, traded in the mid-140s. Novo Nordisk is an outstanding business to own for this amount, even considering the recent issues it has faced.And here's the kicker: Despite earnings per share (EPS) growing more that 150% over the last five years, the stock is trading at just 19 times its trailing 12-month earnings.Continue reading
Plenty of stocks with attractive businesses trade on the market for hundreds of dollars per share -- or more. However, it's possible to find excellent stocks that may become undervalued when either the market undergoes a deep correction, including in a bear market, or in company-specific situations where temporary problems seem to hinder the business, muddling its longer-term outlook.
One such example is Novo Nordisk (NYSE: NVO), the Denmark-based pharmaceutical leader whose shares are exchanging hands for just $60 each, and as recently as last July, traded in the mid-140s. Novo Nordisk is an outstanding business to own for this amount, even considering the recent issues it has faced.
And here's the kicker: Despite earnings per share (EPS) growing more that 150% over the last five years, the stock is trading at just 19 times its trailing 12-month earnings.